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Husky Energy profit halves on lower refining margins

Husky Energy Inc reported a 50% drop in quarterly profit on Thursday, as the company's refining margins came under pressure from higher Canadian crude prices fueled by Alberta's mandatory production curbs.

Oct 24 (Reuters) - Husky Energy Inc HSE.TO reported a 50% drop in quarterly profit on Thursday, as the company's refining margins came under pressure from higher Canadian crude prices fueled by Alberta's mandatory production curbs.

Net earnings fell to C$273 million ($208.76 million), or 26 Canadian cents per share, in the third quarter ended Sept. 30, from C$545 million, or 53 Canadian cents per share, a year earlier.

The Calgary-based company's average quarterly production fell to 294,800 barrels of oil equivalents a day (boepd) from 296,700 boepd.

($1 = 1.3077 Canadian dollars)

(Reporting by Arundhati Sarkar in Bengaluru; Editing by Sriraj Kalluvila)

((Arundhati.Sarkar@thomsonreuters.com; +1 646 223 8780 Ext: 1524; Reuters Messaging: arundhati.sarkar.thomsonreuters.com@reuters.net))

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